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July 23, 2024
Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…
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July 23, 2024
Shipping data released on Thursday shows that the number of LNG tankers awaiting loading at Freeport LNG, Texas, has increased since last week when the U.S.'s second largest LNG exporter halted its processing in anticipation of Hurricane Beryl. Beryl hit Texas on July 8, near Matagorda.
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July 23, 2024
Shipping data released on Thursday shows that the number of LNG tankers waiting at Freeport LNG, Texas, has increased since last week when the U.S.'s second largest LNG exporter halted its processing in preparation for Hurricane Beryl. Beryl hit Texas on July 8, near Matagorda.
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July 23, 2024
Traders said that the price of Russian Urals crude is stable in Indian ports. The market's attention has shifted to cargoes due to load next month, amid an anticipated limited lifting plan for Russia’s western ports. In Indian ports, urals oil…
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July 23, 2024
Transnet, a troubled South African logistics company, has been approved for a $1 billion loan by the African Development Bank. The bank and Transnet announced this on Thursday. Transnet, the state-owned company in South Africa, has struggled…
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July 23, 2024
As a way to solve the jet fuel shortages at Japanese airports, the head of Japan's petroleum industry demanded on Thursday that international airlines provide flight schedules as well as jet fuel demand predictions a year ahead. Jet fuel shortages in Japan…
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July 23, 2024
JSW Infrastructure, India's largest private port operator by cargo handled, announced a drop of nearly 9% in its first-quarter profits on Thursday. This was due to higher expenses. The company's net profit for the quarter ended 30 June fell…
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July 23, 2024
The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…
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July 23, 2024
European traders reported on Thursday that Algeria's state grain agency OAIC purchased between 700,000.00 and 750,000 metric tonnes of milling wheat at an international auction on Wednesday. The estimate of 600,000 tonnes by traders on Wednesday evening was lower.
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July 23, 2024
European traders reported on Thursday that Algeria's state grain agency OAIC purchased between 700,000.00 and 750,000 metric tonnes of milling wheat at an international auction on Wednesday. The estimate of 600,000 tonnes by traders on Wednesday evening was lower.
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July 23, 2024
On Thursday morning, the mayor of Novorossiisk in Russia's Black Sea port issued a sea-drone alert that lasted more than two full hours. Meanwhile, a group unmanned Ukrainian boats were destroyed near Crimea. In his first message sent via Telegram…
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July 23, 2024
European traders reported that Algeria's state grain agency OAIC had bought at least 600.000 metric tons milling wheat during an international auction which closed on Wednesday. Some traders estimate the volume at 700,000-800,000 tons. Most…
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July 23, 2024
According to its timetable, Ukrainian ferry company Ukrferry postponed resuming ferry service between Ukraine and Georgia. The service was suspended after Russia invaded Ukraine in 2022. Last month, the company announced that it would resume service from the Black Sea Port of Chornomorsk on July 9.
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July 23, 2024
The Suez Canal’s annual revenue fell by almost a quarter during its most recent financial year, as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head…
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July 23, 2024
stated. expense and freight (c&& f) consisted of, they stated. c&& f. continuing. estimates of prices and volumes are still possible later. from the main supply regions including Europe: Sept. Sept. 16-30. delivery is one month earlier. expanding highly in the Algerian market.
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July 23, 2024
Jordan's national grain buyer issued an international bid to purchase 120,000 metric tonnes of milling wheat that can be sourced in a variety of origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 23 July.
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July 23, 2024
Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.
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July 22, 2024
European ports. Below are actions taken by some shipping business (in. The French shipping group has suspended most Red Sea trips. but is still sending out some cargoes on a case by case basis when. French navy escorts are possible, Chairman and CEO Rodolphe. Saade said on Feb. 29.
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July 22, 2024
government sources acquainted with the matter said. historic when it was checked in 2022. the deal was valid for 2 years that ended June 22, 2024. the sources stated. Singapore, Malaysia and Thailand have up until Dec. straight associated with the settlements.
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July 15, 2024
Ship tracking data revealed on Monday that a Chevron chartered oil tanker, seized by Iran over a year earlier, has anchored near the United Arab Emirates Port of Khor Fakkan. In April 2023, the Iranian military boarded the Marshall Islands-flagged…
